Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up Following Analyst Upgrade

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped up prior to trading on Wednesday after Jefferies Financial Group upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $13.36, but opened at $14.35. Lynas Rare Earths shares last traded at $14.29, with a volume of 82,384 shares trading hands.

LYSDY has been the subject of a number of other reports. UBS Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. TD Securities raised Lynas Rare Earths to a “hold” rating in a report on Monday, February 9th. Finally, The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Lynas Rare Earths currently has an average rating of “Buy”.

Lynas Rare Earths Trading Up 2.4%

The firm’s 50 day moving average is $11.29 and its two-hundred day moving average is $10.49. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.